Top Platforms to Buy Bitcoin with Credit or Debit Card Instantly
When it comes to purchasing Bitcoin or other cryptocurrencies using a credit or debit card, many platforms have exorbitant fees and questionable transaction times. However, we have compiled a list of the top platforms that allow you to buy Bitcoin with a debit or credit card instantly and without hidden costs. This guide will help you understand how to use these platforms and answer some frequently asked questions regarding purchasing Bitcoin using credit or debit cards.
List of Platforms to Buy Bitcoin with Credit/Debit Card Instantly
Uphold ZenGo Bybit OKX Binance CoinSmart Coinmama Swapzone Bitpanda Coinbase PaybisFrequently Asked Questions
Q1: Can I buy Bitcoin with a Debit/Credit Card?
Most fiat-to-crypto exchanges now allow you to buy Bitcoin using a credit or debit card. These exchanges allow you to connect your card to your online account or profile, verify your ID, and proceed to make the purchase once it has been verified.
However, due to fraud checks, these transactions can take days to complete, usually between one to two days. This time is required for the account settlement and the verification process.
Q2: How long does a credit/debit card Bitcoin transaction take to complete?
Buying Bitcoin with a credit card can take between 2-3 days because banks must verify that there is no fraud involved. These transactions involve several parties: the merchant, the merchant payment service provider, the customer's bank provider, and the customer's card payment network.
Q3: Is it Safe to buy Bitcoin with Debit/Credit Cards?
Yes, it is safe to buy Bitcoin with a debit or credit card. Customers need to verify the card before using it, and most crypto platforms that accept credit card purchases use SSL data encryption techniques. However, ensure that the online platform you use is secure and not prone to hacking. Credit cards are generally safer due to their fraud protection, unlike debit cards, which can lead to financial loss.
Q4: Where Can I Buy Bitcoin with Debit or Credit Cards?
Many platforms such as Coinmama, CoinSmart, Bitpanda, and Paybis allow you to purchase Bitcoin with Visa or MasterCard. On these platforms, it is often easy and quick to link a credit card or debit card to your account, usually within a day. Depending on the platform, you can either deposit fiat before purchasing or initiate a transaction first, after which the amount is charged on the card. The crypto is then deposited at your address after the payment is processed.
Q5: How Do I Buy Bitcoin with Credit or Debit Cards?
Sign up: You will need to verify your identity by uploading a government ID or verifiable documents like a driving license.
Link the debit or credit card: Find the feature to link your card by entering the card number from your profile.
Deposit fiat or a set amount: Depending on the exchange, you may deposit fiat to buy instantly or process a purchase order where the card is charged with the amount. In the latter case, the crypto is deposited at your address after the payment is processed, and the amount is charged on the card, reflecting on your account in time to make another purchase.
Q6: What App Can I Use to Buy Bitcoin with a Debit Card?
Any app that allows you to link your debit card should allow you to buy Bitcoin with a debit card. Some of the platforms we have reviewed, such as Coinmama, Bitpanda, and Coinbase, are among those that allow for debit or credit card purchases. You can also check with Bitit as it allows purchases with debit or credit cards, though Coinbase only allows people from the US to buy crypto with a debit card and not with a credit card.